+£32
Flex Regular Saver (6.5%)20 mins
NationwideFlex Regular Saver (6.5%)
£32 Free Cash•20 mins
£32 Free Cash
+£32What is Nationwide?
Nationwide Building Society is the world’s largest building society, founded in 1884. As a mutual, it’s owned by its members rather than shareholders, and serves over 17 million customers across the UK.
They offer current accounts, savings, mortgages, ISAs, and personal loans. Nationwide is known for competitive savings rates and has consistently been one of the higher-paying high street brands for regular savers.
You’ll need a Nationwide current account to open this Flex Regular Saver. If you don’t already have one, we’d recommend doing the Nationwide bank switch first — you’ll pick up a switching bonus and get the current account you need in one step.
Launched
1884
Customers
24.5m+
Google Play
4.7 (195k)
★★★★★★
Key Terms
Profit
+£32
Interest rate
6.5% AER
(variable)
Monthly depositUp to £200
Term12 months
Total max deposit
£2,400
(12 × £200)
Withdrawal terms: Max 3 withdrawals with no rate impact. A 4th withdrawal permanently drops the rate from 6.50% to 1.05% for the rest of the term.
Requires: A Nationwide current account
Step by Step Guide
Chris's overview
Optional·2 min read
The Nationwide Flex Regular Saver pays 6.50% on up to £200 a month for 12 months. That’s around £32 more than you’d earn in a standard easy-access account on the same deposits.
You can make up to 3 withdrawals during the term without any impact on your interest rate. A 4th withdrawal permanently drops the rate from 6.50% to 1.05% for the rest of the term. The rate is variable, so it could change at any time.
You need a Nationwide current account to open this. If you’ve already done the Nationwide bank switch, you’re all set. If not, do that first — you’ll pick up the switching bonus too.
1
Open a Nationwide Flex Regular Saver
You are here10 mins
- Log in to your Nationwide Internet Bank or Banking app
- Navigate to Savings and select ‘Flex Regular Saver’
- Open the account — you’ll need to make your first deposit within 28 days or the account will be closed
- Your 12-month term starts from the date you open the account
2
Make your first transfer
5 mins
- Transfer your chosen amount (up to £200) into your new Flex Regular Saver
- This first deposit must arrive within 28 days of opening the account
- You can transfer from your Nationwide current account or any other UK bank account via electronic transfer
Transfer up to £200 each calendar month
2 min
- Deposits are per calendar month, so transfer early (ideally the 1st) to earn interest for the full month.
- Automate it: set up a standing order to your Flex Regular Saver. If your salary arrives at the end of the month, schedule the order for the 1st of the month.
- Prefer doing it manually? Set a monthly reminder instead.
- You can deposit any amount from £1 to £200 per calendar month. Any overpayment above £200 will be returned.
3
Withdraw your balance365d
5 mins
Your 12-month term ends
- After 12 months, your account converts to an instant access savings product automatically
- The instant access rate will be lower — so move your money to the best available savings account
- Nationwide will contact you before maturity with your options
- You can withdraw via Internet Bank, Banking app, or in branch
Offer Complete
Done? Tick off each step above to see your total.
Quick Nationwide Review
Completed the offer? Awesome! Here's our full review on why Nationwide could work well for you going forward.
Nationwide at a glance
Updated:
The UK's biggest building society, owned by its members and known for branches that aren't going anywhere. Quidsy currently has a small Nationwide offer worth a look if you're switching anyway. Suits anyone who wants a solid, branch-backed main bank rather than a digital-only setup. Just don't expect chart-topping savings rates here.
Customers
24.5m
UK accounts
Founded
1884
142 years old
App Store
4.8 ★
710k reviews
Google Play
4.7 ★
195k reviews
Nationwide is one of my favourites among the high-street names. The mutual structure means decisions tend to lean in the member's direction rather than the shareholder's, the branch network is now the biggest of any UK banking brand and is locked in until 2030, and the mobile app holds its own against the digital-only banks.
If you want a primary current account that feels solid rather than flashy, FlexDirect is a strong pick, 5% on up to £1,500 for the first year is one of the best in-credit rates around, as long as you can pay in at least £1,000 a month and you haven't held a FlexDirect before.
A few honest caveats. Nationwide rarely tops the savings tables, so if your priority is squeezing the maximum interest out of every pound, you'll probably want a separate easy-access account elsewhere alongside the current account.
The December 2025 FCA fine for old AML failings was real money and a fair black mark, even though Nationwide says no customer lost money and the controls have been rebuilt. And the Virgin Money integration that completed in April 2026 is still very fresh, the two brands are running in parallel for now, so if you bank with both, double-check your combined FSCS coverage.
There's no Nationwide sign-up bonus running through Quidsy at the moment, the £175 switch offer ended on 4 March 2026, but if Nationwide reopens a switch incentive we'll list it. For now, Nationwide is a "open it because it earns its keep" rather than a "open it for the cash" recommendation.
Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority under registration number 106078. Eligible deposits are protected up to £120,000 by the Financial Services Compensation Scheme.